Keep buying PWE. This is an opportunity of a lifetime, the entire energy sector is down. I bought into oil, coal, NG companies like Ohio blows peckers. Full speed ahead.
Royal Bank of Canada: In our view, there is no question that Penn West is well endowed with a resource-rich portfolio, which includes the Cardium, Viking, and Slave Point plays. At less than two dollars a share, load the boat!!!!
RBC:. In our view, there is no question that Penn West is well endowed with a resource-rich portfolio, which includes the Cardium, Viking, and Slave Point plays. Buy baby, buy!
Look to the future not the present. The present is being manipulated. But the future holds wealth for those who are investors not thieves and traders.
Just a heads up. RONGSTAG is also Zake1 at Investor's Village. Posted the same nonesense there. What do u think is driving this agenda?
And just remember when the price of oil recovers, think of the money earned buying at these levels. Buy baby, buy.
To serious investors, get all you can of PWE. The naysayer of PWE is one person I call OZ. Many aliases. However, this OZ is trying to cheat you. You will recognize his posts. PWE has over 600Million boe in reserves. Those numbers will increase. Buying opportunity of 20 cents on the dollar. Load up and hold tight.
This contradicts your post, cashew:
We now have November data compiled by Oil Market Intelligence on global oil demand and supply. The data show that world crude oil revenues and outlays, at an annual rate, plunged by $1.1 trillion from June through November, down to $2.7 trillion. OPEC’s revenues are down at an annualized $409 billion over this period.
Global oil demand growth continued to slow. While the 12-month average rose to a record high of 92.8mbd during November, it was up just 0.7% y/y, the lowest since April 2012. The weakness is mostly attributable to the advanced economies of the OECD, where oil demand is down 0.8% y/y, while emerging economies’ demand is up 2.2%.
The big story, of course, is the surge in non-OPEC production in recent months. It jumped 2.8mbd over the past six months through November. It is up 4.4% y/y. That’s forced OPEC to reduce output slightly last month. US and Canadian output rose 1.1mbd over the past six months through November.
I expect that the plunge in oil prices will reduce global production quickly within the next few months, especially in countries with relatively high production costs. We predict that the price of a barrel of Brent will stabilize between $60 and $70 next year.
What is the alias King getting to post all this negative stuff about PWE on every board, especially Canadian, same BS. I know who it is. He has a FB account and tries to get people to buy stock analysis from the likes of Dumas and others. He does it everyday.
I have blocked so many, thankfully I don't respond to this loon's BS. These are aliases from River who posts on SA. This guy is non stop posting on various websites. No life.